> In reality, teather claims their reserves are cash and cash equivalents. FWIW, no, they claim their reserves are > currency and cash equivalents and, from t

> In reality, teather claims their reserves are cash and cash equivalents. FWIW, no, they claim their reserves are > currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities which is pretty different.